--- title: 1Q'18 Conference Call Highlights author: David Maupin date: '2018-05-07' categories: - Conference Call Highlights - IR tags: - 1Q'18 - Conference Calls output: css: custom.css blogdown::html_page: toc: true toc_depth: 4 slug: 1q-18-conference-call-highlights description: "First quarter results and conference call highlights." ---

Service Companies


Baker Hughes

Halliburton

Superior Energy Services

US Silica

Upstream Companies


Anadarko Petroleum

Apache Corporation

Lease Formation Lateral IP30 Avg. % Oil
Burnside Pad (2 Wells) Upper & Middle Wolfcamp 4,438 2,130 Boe/d 42%
Bull Run Pad (7 Wells) Upper & Middle Wolfcamp 4,360 1,684 Boe/d 45%



Callon Petroleum


Carrizo Oil and Gas

Centennial Resources

Chevron



Cimarex Energy

Devon Energy



Diamondback Energy

Midland Basin Update
  • Recently completed a 4 well pad on the Bombardier C Unit in Martin County targeting the Lower Spraberry and Wolfcamp A with an average lateral length of over 2 miles.
    • 2 Wolfcamp A wells had an average IP30 rate of ~1,387 Boe/d (89% oil).
    • 2 Lower Spraberry wells had an average IP30 rate of ~1,273 Boe/d (88% oil).
  • In Glasscock County, the company drilled a 7 well pad targeting the Wolfcamp A and Wolfcamp B with an average latera length of ~2 miles.
    • 2 Wolfcamp A wells achieved an average IP30 rate of 1,168 Boe/d (86% oil) and the first Wolfcamp B produced 1,428 Boe/d (85% oil). The remaining wells are still cleaning up.
Delaware Basin Update
  • Completed first Third Bone Spring Shale in Reeves County.
    • Rogers 6 Unit 3TB was completed with a 9,401’ lateral and had an IP30 rate of 1,147 Boe/d (80% oil).
  • 2018 activity will focus on XL laterals in the Wolfcamp A in Reeves, Ward and Pecos and additional testing in the 2nd Bone Spring in Pecos County and the 3rd Bone Spring Reeves and Ward.
  • Seeing significant uplift following ESP conversions versus gas lift.

Encana

Energen

Midland Basin Cline Wells



  • Delaware Basin Gen 3 Frac Wolfcamp A/B wells completed in 2017-2018 are tracking above the 2.2 MMBoe 2-mile model.
    • 41 wells have been PoP’d with the new completion design.



EOG Resources

ExxonMobil

Halcon Resources

Laredo Petroleum

Marathon Oil

Matador Resources


Occidental Petroleum


Wolfcamp X/Y, Hoban and Wolfcamp C Completions


  • Detailed their 2nd Bone Spring frac sequence, which is similar to QEP’s “Pressure wall and Buffer.”
    • Note that company shows the Wolfcamp X/Y flow regime independent of the 2nd Bone Spring.

Noble Energy

Oasis Petroleum



Parsley Energy


PDC Energy

Pioneer Natural Resources


QEP Resources

QEP Act and Peeler Projects



Resolute Energy

Well Formation IP30 Boe IP60 Boe
S.Elephant B307SL Lower Wolfcamp B 2,099 1,968
N.Elephant B301SL Lower Wolfcamp B Completing
S.Elephant C207SL Wolfcamp C 1,930 1,695
Uinta C 101H Wolfcamp C 2,657 2,381
Th.Canyon C107SL Wolfcamp C - -
Ranger C205SL Wolfcamp C Flowing Back



RSP Permian

WPX Energy